Yeah it does seem counterproductive, companies in other industries do this all the time it just goes unnoticed - this system does not work in the consumer’s favor
Yeah it does seem counterproductive, companies in other industries do this all the time it just goes unnoticed - this system does not work in the consumer’s favor
Well, I think there is a question too of the value that theses assets have when brought directly to streaming and the reason we’re seeing studios start to rethink this strategy and schedule more theatrical runs
However from what you described the scenario is similar and these situations also occur with more traditional assets, for instance a manufacturer who brings a product to market that significantly underperforms because of an unforeseen event, if the assets market value drops below what has been accounted for they write down that difference as a loss. This loss offsets other gains the company recognizes and therefore rescues their tax burden. Consumers are able to take advantage of this as well if they experience a loss in their investments (capital losses)
For businesses and consumers the ability to write down losses encourages additional investment, and the highly subjective nature of valuation allows companies like the studios to use creative strategies to offset other costs like Discovery’s acquisition of Warner Media
This thread isn’t touching on the biggest impact which is being able to write down or impair these assets that are taken off streaming or shows in production that are cancelled (for Warner’s an amount in excess of $3B) - the impaired asset value is then taken as a loss which reduces the company’s tax burden.
No deaths but a graven image destroyed, hmm…
You must mean Plainit fellow pancake earthier?
No I meant I play it more since it feels so much harder to post up on the couch even after they’ve gone to bed, mine aren’t there yet to be able to play it on their own
Having kids it gets used all the time, I hardly ever touch my PC or PS5 anymore
In the third decade of the 21st century all mankind held their collective breath as the first functional AI system was born, with the intelligence of a 9-year-old boy — its first words: “hello world. eat my shorts.”
Oh ancient cryptobiosis worm, take away our pain, bring peace at long last, all hail to thee.
“the west” you ever hear of Thai ladyboys you fucking dunce
You have to let it soften first by placing it over a warm cup of tea